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Old 05-12-2006, 03:47 PM   #1
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I'm Sure This Is Bad - Somehow

Trade Gap Is Down for 2nd Straight Month

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For the first time in more than two years, the U.S. trade deficit has declined for two months in a row. The main reasons: record U.S. exports and a big drop in the country's foreign oil bill.

The trade gap narrowed to $62 billion in March, the smallest deficit in seven months, the Commerce Department reported Friday.
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Old 05-12-2006, 07:28 PM   #2
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Yes, I agree, a sign of things to come.

*time to gird ye loins mates*


Everything is broken.

~Dylan


Everything is wrong.

~Moby


We are all in the gutter, but some of us are looking at the stars.

~Oscar Wilde



Be glad

Be good

Be brave,



Take care
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Old 05-12-2006, 10:55 PM   #3
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reply

link not working.......
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Old 05-13-2006, 03:20 AM   #4
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NBC, are you just looking for a contrarian?

What is the reason for the drop in the foreign oil bill?

Less usage?

Why did the usage drop?
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Old 05-13-2006, 03:23 AM   #5
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Re: reply

Quote:
Originally posted by wizard2c
link not working.......
http://www.myrtlebeachonline.com/mld...s/14570647.htm

I think that is the same article, it's an AP story.
Which also includes this:

"However, the oil bill is expected to rise again in coming months, reflecting crude oil prices that hit a record above $75 per barrel in late April."

So, I am not sure how much this makes a difference at all.

Ethanol baby, let's look into it.
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Old 05-13-2006, 09:11 AM   #6
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Quote:
Originally posted by U2DMfan
What is the reason for the drop in the foreign oil bill?
Part of the reason is the devaluation of the U.S. dollar, I'd say.

The increase in exports is also due to the economic strength of other nations.

Melon
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Old 05-13-2006, 09:31 AM   #7
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mmm...not good time will tell if something worse comes out of this
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Old 05-13-2006, 09:51 AM   #8
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Quote:
Originally posted by U2DMfan
What is the reason for the drop in the foreign oil bill?
It's because the Hummer H1 is going out of production.
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Old 05-13-2006, 11:19 AM   #9
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Quote:
Originally posted by U2DMfan
NBC, are you just looking for a contrarian?
Just having a bit of fun. The last few times strong, positive economic news is posted, the thread is flooded with contrarian "it's not good enough" comments.

The US economy is headed in the right direction - a reversal of what GWB inherited.
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Old 05-13-2006, 12:21 PM   #10
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Hmm, this could start to relight the theory of the US purely invading Iraq to control the oil supplies. The governemnt probably had it all planned out, weighed up the pros and cons of the invasion, and finally they're starting to see the pros after all this mayhem in recent years.
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